Brooke Garage Ltd - Filleted accounts

Registered number

07884124

Brooke Garage Ltd

Filleted Accounts

31 March 2025

Brooke Garage Ltd
Registered number:		07884124
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		39,279			-
Tangible assets	4		48,983			48,497
			88,262			48,497

Current assets
Stocks		30,509			50,307
Debtors	5	5,750			48,240
Cash at bank and in hand		52,412			245,766
		88,671			344,313

Creditors: amounts falling due within one year	6	(67,199)			(287,835)

Net current assets			21,472			56,478

Total assets less current liabilities			109,734			104,975

Creditors: amounts falling due after more than one year	7		(26,227)			-

Provisions for liabilities			(8,488)			(10,811)


Net assets			75,019			94,164

Capital and reserves
Called up share capital			100			100
Profit and loss account			74,919			94,064

Shareholder's funds			75,019			94,164

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


J Graver
Director
Approved by the board on 29 December 2025

Brooke Garage Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		4


3	Intangible fixed assets					£
	Goodwill:

	Cost
	Additions					41,346
	Disposals					(50,000)
	At 31 March 2025					(8,654)

	Amortisation
	Provided during the year					2,067
	On disposals					(50,000)
	At 31 March 2025					(47,933)

	Net book value
	At 31 March 2025					39,279

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	59,855		49,467		109,322
	Additions	12,732		-		12,732
	At 31 March 2025	72,587		49,467		122,054

	Depreciation
	At 1 April 2024	36,264		24,561		60,825
	Charge for the year	7,265		4,981		12,246
	At 31 March 2025	43,529		29,542		73,071

	Net book value
	At 31 March 2025	29,058		19,925		48,983
	At 31 March 2024	23,591		24,906		48,497


5	Debtors			2025		2024
£					£

	Trade debtors			5,750		44,979
	Other debtors			-		3,261
				5,750		48,240


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			59,000		94,103
	Taxation and social security costs			6,594		7,935
	Other creditors			1,605		185,797
				67,199		287,835


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			26,227		-








8	Other information

	Brooke Garage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	9, Norwich Road
	Brooke
	NR15 1AB